Xiangtan city signs strategic agreement with Hunan Valin Steel Group

Thursday, 14 October 2010 14:58:06 (GMT+3)   |  
       

On October 13, the government of the city of Xiangtan in China's Hunan Province signed a strategic cooperation agreement with local steelmaker Hunan Valin Iron and Steel Group, according to which a high-tech industrial zone covering 5,000 acres will be established in the Shuangma district of Xiangtan.

Both sides have pledged to work to attract investment and to develop the high-tech zone, while focus will also be placed on the processing of line pipes, structural steel, fasteners, steel cords, etc

Li Xiaowei, chairman of Hunan Valin Steel Group, stated that in China's 12th five-year plan period the company aims to invest more than RMB 20 billion ($3.01 billion) in projects in the new industrial zone, with the planned investment expected to amount to RMB 10 billion ($1.50 billion) in the 2010-13 period.


Similar articles

$6.2 billion to be invested in steel projects in Hebei in 2020

18 Feb | Steel News

China’s railway construction investments to hit RMB 496 billion in 2012

13 Sep | Steel News

Xuanhua Steel develops new boron-added wire rod products

09 Apr | Steel News

Hansteel to supply plate for Wuhan Yingwuzhou Yangtze River Bridge

22 Mar | Steel News

Xinghua Steel develops 175 mm x 175 mm H-section structural steel

17 Feb | Steel News

WISCO and PT Gunung Garuda to jointly build steel plants in Indonesia

11 Jul | Steel News

JFE Steel to establish Chinese JV with Suzhou Hesheng Special Materials

16 Mar | Steel News

WISCO to establish slag cement JV with Singaporean company

25 Feb | Steel News

Angang Steel’s CR project in Putian to start trial production in March

21 Feb | Steel News

Caterpillar to build new large engine manufacturing facility in China

19 Nov | Steel News